Howlin: Germany's ESM court backing 'good news'

The Public Expenditure Minister Brendan Howlin is admitting the delay in getting the green light for Europe's new bailout fund could have pushed back a deal on our banking debt.

The Public Expenditure Minister Brendan Howlin is admitting the delay in getting the green light for Europe's new bailout fund could have pushed back a deal on our banking debt.

This morning Germany's constitutional court gave its backing to the European Stability Mechanism but with a number of conditions.

The decision means financial support can be given to Eurozone countries in distress like Ireland and Greece.

The Taoiseach Enda Kenny says the ruling moves the eurozone away from a potential crisis and that is also a view shared by Howlin.

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